Any regulation that requires 10 pages of explanation for every page of regulation is bound to have something good, something not-quite-good-enough, and something not-so-good.
Solving a political meme does not solve the problem.
Will the intrusion of government-sponsored retirement products unify a House currently divided by the Fiduciary Standard?
While everyone’s talking about the potential impact the DOL’s proposed new Fiduciary Rule will have on IRAs and the brokerage industry, the greater impact may be on recordkeepers within the 401k industry.
The DOL is poised to endorse the continued use of the very fees it claims are costing retirement savers billions per year.
When it comes to being a fiduciary, the customer is, most assuredly, not always right.
There are good examples of “best interests” and bad examples of “best interests,” but the ugly truth is we won’t know the practical definition of “best interests” until the courts decide.